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Thailand: Over 29,000 export items await waiver

More than 29,000 Thai export items will receive a tariff waiver from Jan 1 next year under the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal. The agreement was signed by 15 nations in Asia-Pacific, including Thailand in November last year, and needs ratification from at least nine countries to […]

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Thailand loses 1.45m tourism jobs from pandemic

Thailand has lost about 1.45 million tourism jobs during the coronavirus pandemic, including 400,000 in the first quarter, a private tourism group said on Monday, as the country gets ready to reopen to visitors to try to rescue the struggling sector. Tourism is a key driver of Thailand’s growth, typically accounting for 11-12% of gross […]

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Cambodia’s industrial product exports exceed $6 billion in 2020

Cambodian exports of industrial products, including garment products, were worth $6.370 billion in 2020, a year-on-year decrease of 43 percent, according to data released by the Ministry of Industry, Science, Technology and Innovation. The ministry’s report showed that exports of garments, footwear and travel goods reached only $3 billion, a massive decrease from the $9.32 […]

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Philippines: BSP seen keeping rates steady

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in COVID-19 infections, according to Fitch Solutions and Moody’s Analytics. In its latest commentary, Fitch Solutions Country Risk & Industry Research said the central bank’s Monetary Board is likely to keep its […]

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